CRYPTOCURRENCIES INTRODUCTION

WHAT WAS THE FIRST GAME USING ETHEREUM CALLED?

• CRYPTOMON

• CRYPTOKITTIES

• CRYPTOBOX

• ETHERGAME

The first decentralized digital coin (BITCOIN) was created in...?

• 2008

• 2009

• 2010

• 2011

How many Bitcoins in total are available for mining?

• 1 BILLION

• 21 MILLION

• AN UNLIMITED NUMBER

• 100 MILLION

Which of these following is not the name of a cryptocurrency? 

• CABBAGE

• PIZZACOIN

• COYNIE

• STEBLECOINS

What day is celebrated in the cryptocurrency world as Bitcoin Pizza day?

• JULY 4TH

• MAY 22ND

• DECEMBER 10TH

• FEBRUARY 5TH

Answer explanation

May 22nd is celebrated in the cryptocurrency world as Bitcoin Pizza day. On this day in2010, Laszlo Hanyecz, a programmer, made the first real-world transaction usingBitcoin by buying two pizzas for 10,000 BTC. This event is considered significant as itdemonstrated the value and potential use of Bitcoin as a form of currency. Therefore,May 22nd is celebrated as Bitcoin Pizza day to commemorate this milestone in the history of cryptocurrencies.

_____ is regarded as the smallest amount of Bitcoin, equivalent to 0.00000001. 

• ETHEREUM

• SATOSHI

• MINICOIN

• SMALMONEY

Answer explanation

A Satoshi is the smallest unit of Bitcoin, named after its pseudonymous creator, Satoshi Nakamoto. It represents one hundred millionth of a single Bitcoin (0.00000001 BTC). This subdivision allows for small transactions and adjusts for the digital currency’s potential increase in value, making Bitcoin accessible for micro-transactions. It's crucial for facilitating smaller transactions in the cryptocurrency space, enhancing Bitcoin's usability as an everyday currency.

Which of these countries is one of the current largest miners of Bitcoin?

• CHINA

• ALGERIA

• SPAIN

• NEPAL

Answer explanation

China is one of the current largest miners of Bitcoin. This is because China has asignificant amount of cheap electricity and a large number of mining farms.Additionally, the country has a high concentration of mining pools and hardwaremanufacturers, making it a major player in the Bitcoin mining industry.

In which of the following countries is the use of block chain currency banned?

• FRANCE

• GERMANY

• HUNGARY

• BOLIVIA

Answer explanation

Bolivia is the correct answer because the use of blockchain currency is banned in the country. This means that cryptocurrencies like Bitcoin, Ethereum, and others cannot be used as a form of payment or investment in Bolivia. The government of Bolivia has taken this st

On what technology is the infrastructure of digital currency founded?

• DIGITAL TECHNOLOGY

• BLOCKCHAIN TECHNOLOGY

• BANKING TECHNOLOGY

• INTERNET TECHNOLOGY

Answer explanation

The infrastructure of digital currency is founded on blockchain technology. Blockchainis a decentralized and transparent digital ledger that records all transactions made witha particular cryptocurrency. It ensures security, immutability, and trustworthiness bydistributing transaction records across multiple computers or nodes. This technologyeliminates the need for intermediaries like banks and allows for peer-to-peertransactions. Additionally, blockchain technology enables the verification andauthentication of transactions, preventing fraud and ensuring the integrity of the digitalcurrency system.

Where can you buy a cryptocurrency?

• A PRIVATE TRANSACTION

• AN EXCHANGE

• A BITCOIN ATM

• ALL OF THESE